Another week has gone by and we invested in two more PEA (Pre-Earnings Announcement) Plays using the Expectation Model I have been talking about for the past couple of months.
You would have had to read about these two trades in Seeking Alpha articles I wrote (sign up as a follower and you will be notified whenever I write one of these articles). Here they are if you want to check them out – How To Play The Salesforce.com Earnings Announcement and How To Play The Abercrombie & Fitch May Earnings Announcement.
The option spreads we placed in both Salesforce.com and Abercrombie made gains, and extended our winning streak to ten consecutive plays without a single loss. Today I would like to explain how we did it, and offer two more PEA Plays for this week.
If you read down further, there is information on how you can become a Terry’s Tips Insider absolutely free!
Wow – It’s Now 10 Consecutive Profitable Earnings Plays Without a Loss
First, here is a link to the exact trades we made on the above two companies to extend our string from 8 to 10 consecutive winners – update.
If you are interested in trying either of these plays, you need to hurry. The trades must be placed before the market close tomorrow, Wednesday, May 29th.
I am eager to see the results on Friday, hopefully with two additional plays added to our winning streak.
Next week, sadly, there are no companies with weekly options that are reporting, so we will have to move on to other strategies for one week.